L&T LOW DURATION FUND

Data as on July 31, 2020

 
 
 

L&T LOW DURATION FUND

Data as on July 31, 2020

 
 

To generate reasonable returns primarily through investments in fixed income securities and money market instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.




Date of Inception
Regular Plan December 04, 2010
Direct Plan January 01, 2013
Fund Manager
Mr. Shriram Ramanathan (w.e.f Nov 24, 2012)
& Mr. Jalpan Shah (w.e.f March 21, 2020)
Benchmark
NIFTY Low Duration Debt Index
Month end AUM
411.66 (Rs In Crs)
Monthly Average AUM
410.40 (Rs In Crs)
Options
•Growth
•Dividend option (Reinvestment and Payout)
•Annual option (Reinvestment and Payout)

Name Of Instrument
Rating/Industry
% to Net
Assets

DEBT INSTRUMENTS
MONEY MARKET INSTRUMENT
Commercial Paper** (Listed / Awaiting listing on Stock Exchanges) / Certificate of Deposit
Bank of Baroda IND A1+ 5.95%
National Bank for Agriculture & Rural Development IND A1+ 5.88%
Housing Development Finance Corporation Limited CRISIL A1+ 2.38%
Axis Bank Limited ICRA A1+ 1.20%
Total 15.41%
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
➧ HPCL-Mittal Energy Limited (Long term take or pay agreement with HPCL) ICRA AA+ 8.96%
➧ Aditya Birla Fashion and Retail Limited CRISIL AA 6.61%
➧ National Highways Authority of India CRISIL AAA 6.58%
➧ Housing Development Finance Corporation Limited CRISIL AAA 6.46%
➧ Housing and Urban Development Corporation Limited CARE AAA 6.45%
➧ Bharti Telecom Limited CRISIL AA+ 6.42%
➧ Power Finance Corporation Limited CRISIL AAA 6.37%
➧ Tata Power Renewable Energy Limited (Corporate guarantee of Tata Power Company Ltd) CARE AA (CE) 6.22%
Sikka Ports & Terminals Limited (erstwhile Reliance Ports & Terminals Ltd) CRISIL AAA 4.76%
Name Of Instrument
Rating/Industry
% to Net
Assets

Small Industries Development Bank of India CARE AAA 4.09%
IIFL Home Finance Limited ICRA AA 2.25%
State Bank Of India (Basel III compliant AT 1 Bond) CRISIL AA+ 0.28%
Dewan Housing Finance Corporation Limited CARE D (LT) 0.00%
Reliance Broadcast Network Limited (Letter of Comfort/DSRA Guarantee of Reliance Capital) CARE D (LT) 0.00%
Total 65.45%
Securitised Debt
➧ Rent-A-Device Trust(Backed by receivables from Reliance Retail Ltd) ICRA AAA(SO) 6.40%
➧ First Business Receivables Trust(Backed by receivables from Reliance Industries,Reliance Retail,Reliance Jio) CRISIL AAA(SO) 6.19%
Total 12.59%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 6.34%
Net Receivable/Payable 0.21%
Net Assets 100.00%
Average Maturity 0.99 years
Modified Duration 0.92 years
Macaulay Duration 0.97 years
YTM 5.06%
➧ Indicates top ten instruments






Exit Load: Nil (w.e.f. July 9, 2020)
For details of the performance of the schemes, please refer to 'Scheme Performance Section'
+ Please refer to note on expense ratios in 'Fund Manager wise Scheme Details'

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